[outer_web]

How does one properly align the incentives of people and corporations?

[naasking]

Private goods and club goods are provided by markets because incentives are already aligned.

Public goods and common goods need artificial markets created by regulatory frameworks.

[bee_rider]

Probably some kind of basic income scheme, so that no people will become invisible to the corporations.

[epistasis]

Regulations, of course! Of which there are many for Texas' electricity markets.

IMHO, you can't have markets without regulations, and the markets that work best are those in high-trust societies, and that high-trust usually comes form a solid regulatory structure (i.e. laws).

This is why saying "deregulation is bad" is just as incoherent as saying "regulations are bad." We need to move beyond that sort of fallacious dichotomy.